XPED Ltd (ASX:XPE) Xped Sign Agreement with Eastool

Eastool to provide local support for Malaysia and surrounding region

Xped Limited (ASX:XPE) ("Xped" or "the Company") is pleased to announce they have signed an agreement with Eastool Solution ("Eastool") of Malaysia.

Highlights

- Eastool to provide local support for Malaysia and surrounding region

- Support BD, local technical support for clients, and logistical support

The agreement is for Eastool to provide local resources within Malaysia and surrounding region to assist Xped with business development activities, local client technical support, and logistical support. Eastool is also able to provide SIRIM certification services for our smart devices.

The initial agreement is for a short term to support current business development activities. The companies have commenced discussion to form a longer-term partnership.

The Company believes there is a terrific opportunity within this region to sell our Smart Home Solution and license our IoT platform. We look forward to providing updates to the market as material events occur.

About XPED Ltd

XPED Ltd (ASX:XPE) is an Australian Internet of Things ("IoT") technology business. Xped has developed revolutionary and patent-protected technology that allows any consumer, regardless of their technical capability, to connect, monitor and control devices and appliances found in our everyday environment. It's as simple as two people shaking hands. By enabling the Internet of Things, Xped's ADRC platform will bring benefit to Manufacturers, Retailers, Service Providers, and Consumers.